Physical Security Market to Grow at 7.1% CAGR by 2030 | MarkNtel Advisors

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The Global Physical Security Market size was valued at around USD 112.2 billion in 2023 and is projected to reach around USD 145.3 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 7.1% during the forecast period, i.e., 2025-2030.

Overview of the Global Physical Security Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Global Physical Security Market By Component (Hardware, (Cameras, Biometrics & RFID Devices, Sensors, Smoke Detectors, Alarms, Others), Software, (Video Management Software (VMS), Physical Security Information Management (PSIM), Access Control Management Software), Services, (Professional Services, (Maintenance and Support, Consulting Services, Training and Education, Others), Managed Services, (Remote Monitoring Services, Security System Integration, Others)), By System Type (Physical Access Control System (PACS), Video Surveillance System, Perimeter Intrusion Detection and Prevention, Physical Security Information Management (PSIM), Physical Identity & Access Management (PIAM), Fire and Life Safety, Others), By Enterprise Size (SMEs, Large Enterprises), By End User (BFSI, Healthcare, Government, Retail & eCommerce, Transportation & Logistics, Hospitality, Residential, Education, IT & ITeS, Others), and Others, The Physical Security Market size was valued at around USD 112.2 billion in 2023 and is projected to reach around USD 145.3 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 7.1% during the forecast period, i.e., 2025-2030. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Global Physical Security Market Growth and Scope:

Base Year: 2024

Forecast Period: 2025-30

Historical Data: 2020-23

CAGR (2025-2030): 7.1%

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Global Physical Security Market Trend:

Increasing Adoption of Cloud-Based Physical Security Solutions – Physical security-related cloud solutions are becoming more popular day by day and now most of the organizations in the world are using it. Cloud solutions can be much more flexible, more scalable, and less costly than traditional security solutions. Real-time analysis of security data is another benefit of cloud-based systems since secure data can be accessed anytime, anywhere, on any device, and this means faster response. In addition, solutions that exist in the cloud have better safety of information, have more options regarding recovery from calamities, and are easier to manage.

Cloud-based systems have real-time monitoring, access from a remote location, as well as centralized management that gives security teams a better chance to counter threats. Further, it is shown that cloud platforms can deploy AI and IoT, which improve automation and predictability thereby increasing the effectiveness of security operations. This shift in organizational goals to avoid larger costs involved in the initial setup of traditional on-premise systems and the general increase in efficiency attributed to the implementation of cloud-based security is projected to augment the size & volume of the global market for physical security.

A Comprehensive Analysis of Leading Companies of Physical Security Market by MarkNtel Advisors:

Honeywell International Inc.
Johnson Controls
Cisco Systems Inc.
Bosch Building Technologies
TELUS
Axis Communications AB
Genetec Inc.
ADT LLC
Siemens
Hangzhou Hikvision Digital Technology Co., Ltd.
Dahua Technology Co., Ltd
Pelco, Inc.
SECOM Plc
HID Global Corporation
WESCO International
Others

Key Physical Security Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/physical-security-market.html

-By Component

Hardware
Services
Managed Services

The hardware segment holds the largest share of the Global Physical Security Market. The physical security industry on the global stage is projected to witness substantial revenue growth during the forecast period, driven primarily by the increasing demand for different forms of hardware.

-By System Type

Physical Access Control System (PACS)
Video Surveillance System
Perimeter Intrusion Detection and Prevention
Physical Security Information Management (PSIM)
Physical Identity & Access Management (PIAM)
Fire and Life Safety
Others

Here, the PACS segment currently dominates the Global Physical Security Market with the largest market share.

-By Enterprise Size

SMEs- Market Size & Forecast 2020-2030, USD Million
Large Enterprises- Market Size & Forecast 2020-2030, USD Million

-By End User

BFSI- Market Size & Forecast 2020-2030, USD Million
Healthcare- Market Size & Forecast 2020-2030, USD Million
Government- Market Size & Forecast 2020-2030, USD Million
Retail & eCommerce- Market Size & Forecast 2020-2030, USD Million
Transportation & Logistics- Market Size & Forecast 2020-2030, USD Million
Hospitality- Market Size & Forecast 2020-2030, USD Million
Residential- Market Size & Forecast 2020-2030, USD Million
Education- Market Size & Forecast 2020-2030, USD Million
IT & ITeS- Market Size & Forecast 2020-2030, USD Million
Others- Market Size & Forecast 2020-2030, USD Million

Geographical Analysis

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

The Global Physical Security Market research analysis indicates that there are tremendous opportunities for growth all around the world during the forecast period.

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

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